On MCX, August gold futures climbed 0.58 per cent to Rs 49,148 per 10 gram. Silver September futures jumped to Rs 53,048 per kilogram. MCX has decided to accept gold and silver bars refined at domestic refineries for deliveries, subject to final regulatory approval.
MCX received the approval of Sebi for the launch of Gold Mini options with Gold Mini (100 grams) bar as underlying, MCX said in a statement.
Gems and jewellery exports showed signs of revival in June after two months of bleak business during the lockdown.
Even as at $1,647.49 million, the exports in June 2020 were 34.72 per cent less than $2,523.74 million reported a year ago, this figure was much better than that in May ($570 million) and April (said to be much lower, though the data has not been released).
According to the preliminary data provided by the Gem and Jewellery Export Promotion Council (GJPEC), exports of gems and jewellery declined 54.79 per cent YoY to $ 2.75 billion during the April-June period. Gold jewellery exports in June were down 40.72 per cent YoY to $237.05 million; for the quarter, the decline was 79 per cent to $1,536.57 million.
The overall import of gems and jewellery between April and June this year was worth $915.14 million, 74.81 per cent less than $3,632.87 million reported in the corresponding period a year ago.